Karageorgis, 66, founder and president of Times Navigation, suffered a heart incident following his arrest at his Athens home, 28 September, and was placed under police guard in the cardiology wing of a central Athens hospital.
Media reports say he faces charges of fraud, forgery and fraudulent bankruptcy, and has had his passport taken and a condition of his bail is that he report each week to his local police station.
Besides shipping, Karageorgis is the md of Hellasnet, a company controlling 11 regional Greek TV channels.
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